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San Juan Basin Royalty Trust Message Board

  • chow_98133 chow_98133 Jul 11, 2002 10:58 AM Flag

    NEW INVESTOR

    Hi SJT fans:

    I am new to SJT and thinking about putting some retirement money into SJT. Does any of you know how much reserves SJT has? Where can I find that information?

    Also, how long does this reserves last, 20 years maybe?

    When SJT pays dividend, does it have the taxable and non-taxable portion?

    SJT is a MLP right?

    Thanks, sure need the help.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Interesting article from a naturally biased source. What they are referring to, is as I stated, peaking plants. They do not make the same claim for sustaining. As a matter of fact, they acknowledge the fact that coal will continue as the fuel of choice for those plants. They openly state that the 56% share of the total market is coal fired, and will not deminish but may actually increase.
      I personnaly don't see NG taking the role of fuel of choice for a long time. Constant and dependable supply being the problem. As I stated, NG is in glut "world wide" but transportation is the problem. It is difficult to get it from the source to the user.
      All fuel for debate but I don't see NG as being as cost effective as other choices. Perhaps if the price becomes more in line with other fuels ($perbtu) we will see a shift, but not now.

    • Look it this site, it says "virtually all" new electric generating plants will be fired by NG

      http://www.fuelingthefuture.org/contents/NaturalGasPowersUp.asp

    • This is not the article I originally read, but it does show that in 1999 new electric plant additions were 80% fired by NG. Will look for more articles and post if I find better and more contemporary sources


      Inventory of Electric Utility Power Plants in the
      United States 1999

      Available Formats
      PDF (1.43 Meg) ASCII Tables HTML Tables
      Back Issues
      Dtabase Files








      In 1999 the existing capacity1of U.S. electric utilities totaled 639,324 megawatts (Table 1), a net change of -47,368 megawatts (-6.9 percent) from the total reported in 1998. This was mainly due to the sale/transfer of 50,884 megawatts of capacity during 1999 to nonutilities. Based on primary energy source, coal-fired capacity represented 43 percent (277,780 megawatts) of the Nation's existing capacity (Figure 1). Gas-fired capacity accounted for 19 percent (118,472 megawatts); nuclear, 15 percent (95,030 megawatts); renewable energy sources,212 percent (74,912 megawatts); petroleum, 8 percent (49,153 megawatts); and pumped storage hydroelectric, 3 percent (18,945 megawatts). The distribution of capacity by State for the various energy sources is shown in Figures 3 through 7. Figure 8 shows the distribution of total U.S. capacity by State.

      Of the existing capacity, conventional steam-electric units accounted for 60 percent (382,270 megawatts). Nuclear units accounted for 15 percent; hydroelectric (conventional), 12 percent; gas turbine, 8 percent; pumped storage hydroelectric, 3 percent; combined cycle, 2 percent; internal combustion, geothermal, solar, and wind, 1 percent (Figure 2). Figure 9 shows the existing capacity by prime mover and time interval of initial commercial operation.

      Of the 382,270 megawatts of conventional steam-electric capacity, 67,027 megawatts were in dual-fired generators, capable of using petroleum and gas; 36,502 megawatts of the 68,634 megawatts combined capacity for gas turbine, combined cycle and internal combustion units were dual-fired.

      In 1999, 3,689 megawatts in new units started commercial operation --- nearly 3,000 megawatts more than the capacity in new units that started commercial operation in 1998 (Table 2). Eighty-eight percent of this new capacity is in gas-fired combustion turbine and combined cycle units. The remaining 12 percent of new capacity is in petroleum-fired combustion turbine and internal combustion units, one coal-fired unit and several solar, wind and hydroelectric units (Table 18). Electric utility capacity additions by energy source for the past 10 years are shown in Figures 10 and 11.

    • Do not have the source handy, I know that is the number (80%) I found in article that is maybe a year old. I will try to find the source this weekend and will post it if I can find it.

    • correction: all trusts are essentially the same entities. All mlps are essentially the same entities (not "all trusts and mlps are the same entities")

      I should read my messages before I send them.


      Cyrone

      • 1 Reply to cber12001
      • Thank you so much for all the info.

        So if it's not MLP, do I still have to mess with a lot of tax forms? Last year I bought APL (Atlas Pipeline MLP) and I got a bunch of TAX MESS forms, like depreciation, 1040SchE...etc, I hate those stuff. What kind of tax form did you receive when you just hold it and not sell it, and keep receiving dividend?

        El NINO has come, and they predict warmer winter, are you still bullish on natural gas?

        Thanks again.

    • New investor:


      SJT is not an mlp. It's a royalty income trust.
      There is a good deal of difference, but they both have tax benefits. Check www.mcdep.com, for the skinny on SJT and other trusts. Check the SJT website.

      Don't put too much of your retirement money into any one royalty trust or mlp. Spread it around. While trusts and mlp"s are essentially the same entities, each has its own quirks.

      Look into Canadian Royalty Trusts. They're structured differently from the American ones.

      Some are Enerplus, Pengrowth, Arc, Shiningbank, Viking, Primewest. I own all except Viking. I like the Canadian RTs because they can purchase new properties, thus increasing reserve life. The American trusts
      can only increse reserve life by increased drilling on already-owned properties.

      I like the trusts that are overweighted in natural gas. Shiningbank is one.



      Best,



      Cyrone

 
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